In November, the Grade A office vacancy rate in Tokyo was down 0.1 points month-over-month to 4.1%, the Osaka Grade A vacancy rate increased 0.2 points to 8.1%, and the Nagoya Grade A vacancy rate was flat at 2.6%. Assumed Achievable Rents for Tokyo Grade A buildings were up 0.2% m-o-m, the Osaka Grade A rents were flat m-o-m, and Nagoya Grade A rents were flat m-o-m.
With regard to all-grade vacancy rates, Tokyo's 23 wards were down 0.3 points month-over-month (m-o-m) to 4.0%, Osaka was flat m-o-m to 6.5%, and Nagoya saw a decrease of 0.3 points m-o-m to 5.7%. For further details on each city, please refer to the following tables and charts.
CBRE’s next press release on the office market is planned for Tuesday January 20, 2015.
Download a PDF version of the press release here.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Official Twitter account for Japan: @cbrejapan
DISCLAIMER: Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Official Twitter account for Japan: @cbrejapan
Disclaimer
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.